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Hong Kong Tycoon Sells UBS London Headquarters for £1.21 Billion

The UBS headquarters in London.

The UBS headquarters in London.

Photographer: Jason Alden/Bloomberg

A Hong Kong company owned by one of Asia’s richest men has found a buyer for UBS Group AG’s London headquarters.

Li Ka-shing’s CK Asset Holdings Ltd. agreed to sell 5 Broadgate in London in a deal which values the property at 1.21 billion pounds ($1.6 billion), the company announced late Friday.